Common use of Redemption of Warrants When the Price Clause in Contracts

Redemption of Warrants When the Price. per Class A Ordinary Share Equals or Exceeds $18.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Class A ordinary shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given (“Reference Price”) and provided that there is an effective registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below).

Appears in 16 contracts

Samples: Warrant Agreement (VinFast Auto Ltd.), Warrant Agreement (VinFast Auto Pte. Ltd.), Warrant Agreement (Black Spade Acquisition Co)

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Redemption of Warrants When the Price. per Class A Ordinary Share Equals or Exceeds $18.00. Subject to Section 6.5 ‎6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Class A ordinary shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 ‎4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given (“Reference Price”) and provided that there is an effective registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 ‎6.2 below).

Appears in 9 contracts

Samples: Warrant Agreement (Magnum Opus Acquisition LTD), Warrant Agreement (Magnum Opus Acquisition LTD), Warrant Agreement (Primavera Capital Acquisition Corp.)

Redemption of Warrants When the Price. per Class A Ordinary Share Equals or Exceeds $18.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Class A ordinary shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given (“Reference PriceValue”) and provided that there is an effective registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 below).

Appears in 3 contracts

Samples: Warrant Agreement (TLGY Acquisition Corp), Warrant Agreement (TLGY Acquisition Corp), Warrant Agreement (TLGY Acquisition Corp)

Redemption of Warrants When the Price. per Class A Ordinary Share Equals or Exceeds $18.00. Subject to Section 6.5 ‎6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 ‎6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Class A ordinary shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 ‎4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given (the “Reference Price”) and provided that there is an effective registration statement covering the Class A ordinary shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 ‎6.3 below).

Appears in 2 contracts

Samples: Warrant Agreement (Tuatara Capital Acquisition Corp), Warrant Agreement (Tuatara Capital Acquisition Corp)

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Redemption of Warrants When the Price. per Class A Ordinary Share Equals or Exceeds $18.00. Subject to Section 6.5 hereof, not less than all of the outstanding Warrants may be redeemed, at the option of the Company, at any time while they are exercisable and prior to their expiration, at the office of the Warrant Agent, upon notice to the Registered Holders of the Warrants, as described in Section 6.3 below, at the price of $0.01 per Warrant (the “Redemption Price”), provided that the last sales price of the Class A ordinary shares reported has been at least $18.00 per share (subject to adjustment in compliance with Section 4 ‎4 hereof), on each of twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given (“Reference Price”) and provided that there is an effective registration statement covering the issuance of the Class A ordinary shares issuable upon exercise of the Warrants, and a current prospectus relating thereto, available throughout the 30-day Redemption Period (as defined in Section 6.2 ‎6.2 below).

Appears in 2 contracts

Samples: Warrant Agreement (Silver Spike Acquisition Corp II), Warrant Agreement (Silver Spike Acquisition Corp II)

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